About This Home

This home is spacious with two living areas, two dining areas and four bedrooms! Owner's suite is located away from the secondary bedrooms.

Close to shopping, Dell Diamond, and Kalahari Resort!

At $179/sqft, this home is 16% below the Round Rock active market average of $214/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1310 Rainbow Parke Dr, Round Rock, TX 78665

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Property Details

Price $354,999

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,983 sqft

Lot Size 0.15 acres (6,577.56 sqft)

Year Built 2006

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Rainbow Parke

County Williamson

Zip Code 78665

$/sqft $179/sqft

Days on Market ,

HOA $242/Annually

Annual Tax Est. $6,551.84

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT198527129

List Date June 5, 2025

Elementary School Herrington

Middle School CPL Robert P Hernandez

High School Stony Point

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Round Rock and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 5, 2025 $386,000

Previous ask $359,999

Current ask $354,999

▼ Reduced $31,001 (-8.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Round Rock

Comparable Listings Right Now

Homes currently for sale in Round Rock with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

1485 Rainbow Parke Dr
Rainbow Parke $350,000 $201 3 bd / 2 ba 1,744 sqft , 2026-07-28

3220 Corrigan Ln
Settlers Crossing Sec 03 $349,335 $157 4 bd / 2 ba 2,228 sqft , 2026-07-14

706 Johnny Bench Ct
Ryans Crossing Sec 02 $348,000 $166 3 bd / 3 ba 2,098 sqft , 2026-07-23

3105 Clinton Pl
Settlers Crossing Sec 01 $347,500 $230 3 bd / 2 ba 1,509 sqft , 2026-05-09

3763 Rod Carew Dr
Ryans Crossing Sec 05 $345,000 $188 3 bd / 2 ba 1,837 sqft , 2026-06-26

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$1,704/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$71,000

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,704

Principal + Interest−$1,937

Property Tax (~2.1% TX avg)−$621

Insurance (~0.5%)−$148

Est. Monthly Cash Flow $-1,002

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Round Rock, TX

Round Rock sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 5 min

Apple Campus (Domain) 15 min S

Samsung Austin Semiconductor 20 min SW

Tesla Gigafactory 35 min S

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 9, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

1310 Rainbow Parke Dr